Gasum eyes international expansion with rising demand for LNG

Gasum, the Nordic gas sector expert and a major supplier of small scale liquefied natural gas (LNG), announced the appointment of Jacob Granqvist to the newly-created position of Sales Director of Gasum’s marine LNG business. 

As demand for LNG from the marine market continues to rise, Granqvist and his team will play an instrumental role in driving the company’s plans to expand its marine LNG services internationally, providing bunkering of LNG as a marine fuel to vessels for their own consumption.

Gasum is building upon recent successes in the Nordic LNG marine market. Following concerted actions to expand the LNG supply chain to make LNG more accessible, it has carried out more than 2,500 LNG bunkering operations for the marine market since 2017, a 38% rise over the two previous years.

As a Nordic provider of ship-to-ship LNG bunkering, Gasum plans to deliver LNG – via ship-to-ship, truck-to-ship or terminal-to-ship - wherever vessel operators require it.

“Put simply, our expansion plans are driven by the marine LNG market. Whether they operate container ships, tankers or cruise ferries within our reach, our aim is to provide operators with a reliable, cost-effective source of LNG that is easy to access,” said Granqvist. 

“To achieve this, we must have a greater physical presence in key areas. To that end, we aim at expanding our LNG bunker vessel fleet and are in the initial phases of establishing an international network of cooperating parties,” he added.

Already, Gasum is in the final stages of securing a permanent LNG bunkering base in northwest Europe in order to support this busy marine shipping market.

With its years of experience and proven track record, Granqvist is confident that Gasum is on track for success in the larger international LNG marine market. 

“To help our customers be more competitive, while reducing emissions and costs, we are much more than a supplier of a commodity,” said Granqvist. “We work closely with customers to formulate the best LNG bunkering management solutions and services and guide them through the process.  Knowing that they will always have ready access to LNG – be it a ship-to-ship bunkering at open sea or truck-to-vessel in port – they operate with confidence. This is a cornerstone of our business, and will be instrumental in growing the marine LNG services,” he said.

According to Gasum, LNG consumption within the global marine and shipping sectors is rising. Consumption is expected to accelerate even more rapidly, as compliance with the IMO 2020 Sulphur regulation, which requires over 85% reduction in Sulphur emissions, comes into effect next year. IMO has also set a target to reduce greenhouse gas emissions by at least 50% by 2050. These environmental regulations make LNG a very attractive alternative for compliance.

LNG is the cleanest available marine fuel; one that is rapidly becoming more commonly used as a cost-effective alternative. LNG is suitable for all vessel types, including ferries, passenger ships, tankers, bulk, supply and container ships. LNG offers several benefits by reducing local and global pollution. Switching to LNG completely removes sulphur dioxide and particulates, and reduces nitrogen oxide emissions by up to 85%.  In addition, LNG reduces CO2 emissions by more than 20%.  

Back to Homepage

Back to Energy & Utilities